What is the impact on the labour market due to a reduction the productivity of workers? Select one: O a. labour demand shifts to the left; wage rate decreases and level of employment decreases O b. labour supply shifts to the left; wage rate increases and level of employment is lower O. labour supply shifts to the right; wage rate decreases and level of employment is higher O d. labour demand shifts to the right; wage rate increases and level of employment increases

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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What is the impact on the labour market due to a reduction the productivity of workers?
Select one:
O a. labour demand shifts to the left; wage rate decreases and level of employment decreases
O b. labour supply shifts to the left; wage rate increases and level of employment is lower
O . labour supply shifts to the right; wage rate decreases and level of employment is higher
O d. labour demand shifts to the right; wage rate increases and level of employment increases
Transcribed Image Text:What is the impact on the labour market due to a reduction the productivity of workers? Select one: O a. labour demand shifts to the left; wage rate decreases and level of employment decreases O b. labour supply shifts to the left; wage rate increases and level of employment is lower O . labour supply shifts to the right; wage rate decreases and level of employment is higher O d. labour demand shifts to the right; wage rate increases and level of employment increases
Over time, a real depreciation in the value of a nation's currency should result in
Select one:
O a. exports falling and imports rising.
O b. exports rising and imports falling.
O. both imports and exports rising.
O d. both imports and exports falling.
Transcribed Image Text:Over time, a real depreciation in the value of a nation's currency should result in Select one: O a. exports falling and imports rising. O b. exports rising and imports falling. O. both imports and exports rising. O d. both imports and exports falling.
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